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With 5.6 Million People and Counting, the 'Move Your Money' Campaign Worked

Occupy Wall Street and Bank Transfer Day prompted millions of Americans to ditch their old predatory financial institutions.


Back in October, in the thick of the Occupy Wall Street protests, we gave you step-by-step instructions for leaving your large predatory bank. Part of the impetus for the project was OWS, of course, but another factor was the establishment of "Bank Transfer Day," which asked people to drop their big banks in favor of community banks or credit unions by November 5.

Almost immediately, data showed that the transfer movement was working, with some credit unions reporting spikes in membership as large as 30 percent. Today, we have even more concrete numbers to show that the "move your money" movement was a success, to the tune of millions of people.

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